The annual inflation rate in Canada was at 2 percent in December 2019, unchanged from the previous month and matching market expectations. Prices advanced further for transportation (3.7 vs 3.2 percent in November), boosted by gasoline (7.4 percent), as crude oil prices in December 2018 fell amid a global oversupply, and fuel oil & other fuels (3.5 percent); shelter (2.8 percent vs 2.5 percent); recreation, education & reading (0.3 percent vs 0.2 percent); and clothing & footwear (2.9 percent vs 2.7 percent). Also, cost of household operations, furnishings & equipment rebounded (2.9 percent vs -0.2 percent). Meanwhile, prices eased for food (3 percent vs 3.4 percent); health & personal care (1.8 percent vs 2.3 percent); and alcoholic beverages, tobacco and recreational cannabis (0.4 percent vs 1.2 percent). On a monthly basis, consumer prices were flat, after falling 0.1 percent in November. Considering full 2019, the inflation rate was at 1.9 percent, compared to 2.3 percent in 2018.

Inflation Rate in Canada averaged 3.13 percent from 1915 until 2019, reaching an all time high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada

Inflation Rate in Canada is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 1.90 in 12 months time. In the long-term, the Canada Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.


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Canada Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 21.60 -17.80 1915 - 2019 percent Monthly
2002=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 12:30 PM Sep 1.9% 1.9% 2.1% 2%
2019-11-20 01:30 PM Oct 1.9% 1.9% 1.9% 2%
2019-12-18 01:30 PM Nov 2.2% 1.9% 2.2% 2.1%
2020-01-22 01:30 PM Dec 2.2% 2.2% 2.2% 2.2%
2020-02-19 01:30 PM Jan 2.2% 2%


News Stream
2019-12-18
Canada November Inflation Rate Rises to 6-Month High
The annual inflation rate in Canada rose to 2.2 percent in November 2019 from 1.9 percent in the previous month, matching market expectations. It was the highest inflation rate since May, driven by a rebound in energy prices, as cost of gasoline increased for the first time since October 2018. On a monthly basis, consumer prices fell 0.1 percent, after a 0.3 percent rise in October.

2019-11-20
Canada October Inflation Rate Steady at 1.9%
The annual inflation rate in Canada was at 1.9 percent in October 2019, unchanged from the previous month and matching market expectation. Cost of gasoline continued to fall while fruit prices rose further. On a monthly basis, consumer prices went up 0.3 percent, rebounding from a 0.4 percent fall in September and in line with forecasts.

2019-10-16
Canada Inflation Rate Steady at 5-Month Low of 1.9%
The annual inflation rate in Canada stood at 1.9 percent in September 2019, its lowest level since March, unchanged from August and below market expectations of 2.1 percent. Price growth was held back by a further decline in gasoline prices.

2019-09-18
Canada Inflation Rate at 5-Month Low of 1.9%
The annual inflation rate in Canada edged down to 1.9 percent in August 2019 from 2.0 percent in the previous month and below market expectations of 2 percent. It was the lowest inflation rate since March, primarily due to lower gasoline prices.

2019-08-21
Canada July Inflation Rate Steady at 2%
The annual inflation rate in Canada was at 2 percent in July 2019, unchanged from the previous month and above market expectations of 1.7 percent, as a slowdown in cost of services was offset by a rise in prices of goods, namely durable goods and food. On a monthly basis, consumer prices went up 0.5 percent, rebounding from a 0.2 percent fall in June and compared with market forecasts of a 0.2 percent gain.

2019-07-17
Canada Inflation Rate Slows to 2% in June
The annual inflation rate in Canada decreased to 2 percent in June of 2019 from 2.4 percent in the previous month and in line with market expectations, as cost slowed for shelter and transportation while energy prices fell further. Excluding energy, the inflation dropped to 2.6 percent in June from 2.7 percent in May.


Canada Inflation Rate
In Canada, the most important categories in the CPI basket are Shelter (27.5 percent of the total weight) and Transportation (19.3 percent). Food accounts for 16.1 percent; Household Operations, Furnishings and Equipment for 11.8 percent; Recreation, Education and Reading for 11.8 percent; Clothing and Footwear for 5.7 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and Tobacco Products for the remaining 3 percent. The CPI basket is reviewed every four years on the basis of household surveys. The current weights are based on spending patterns in 2009.

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.20 21.60 -17.80 percent [+]
Inflation Rate Mom 0.00 -0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 136.40 136.40 137.00 12.10 points [+]
Core Consumer Prices 134.90 134.80 134.90 61.70 points [+]
Core Inflation Rate 1.70 1.90 5.40 0.00 percent [+]
GDP Deflator 110.20 110.10 110.20 11.80 points [+]
Producer Prices 117.50 117.50 119.70 15.60 points [+]
Producer Prices Change -0.40 -1.40 21.10 -7.20 percent [+]
Export Prices 111.70 111.10 113.30 59.50 points [+]
Import Prices 120.80 121.40 8964.00 73.00 points [+]
Food Inflation 3.00 3.40 20.18 -7.14 percent [+]
Wholesale Prices 103.70 102.20 137.30 40.40 points [+]
CPI Housing Utilities 146.30 145.90 146.30 39.10 points [+]
CPI Transportation 143.10 141.50 144.20 10.90 points [+]